INDUSTRIAL ECONOMICS AND POLICY
- Overview
- Assessment methods
- Learning objectives
- Contents
- Full programme
- Delivery method
- Teaching methods
- Contacts/Info
The knowledge acquired in the Microeconomics course.
Examinations for the Political and Industrial Economy course are exclusively written. For each module, the exam can be passed either through two mid-term tests or one general final test. All exams, whether mid-term or general, are structured as follows: a Theory Section, in the form of multiple-choice questions, and an Exercise Section, where students are required to solve one or more quantitative problems.
The course in Political and Industrial Economy is a direct continuation of the first-year Microeconomics course and aims to develop the necessary skills to understand, including critically, the main microeconomic and macroeconomic models and to apply them as interpretive tools of the economic reality. At the end of the course, students will be able to: (1) Understand the functioning of the main forms of non-competitive markets; (2) Understand the pricing policies used by firms in non-competitive markets; (3) Gain an overview of the main public policies for the regulation of non-competitive markets; (4) Know the main macroeconomic indicators; (5) Understand the functioning of goods, labor, and money markets, as well as their interactions; (6) Develop a critical perspective on macroeconomic models and their underlying assumptions.
Module 1 – Industrial Economics explores the main forms of non-competitive markets (monopolies and oligopolies) and the behavior of firms operating within them, especially with regard to product pricing strategies. Public policies for regulating non-competitive markets are also discussed, with a focus on competition policies aimed at protecting consumers. Module 2 – Macroeconomics covers the most important macroeconomic indicators and examines the main models analyzing the goods market, labor market, and money market, as well as the interactions among these markets, both in a closed and an open economy.
Module 1 – Industrial Economics L1 Introduction; Monopoly, monopsony, and bilateral monopoly L2 Perfect price discrimination L3 Discrimination based on observable characteristics L4 Self-selection discrimination L5 Auctions L6 Deferred acceptance algorithm L7 Cournot oligopoly L8 Stackelberg, Bertrand, and Hotelling oligopolies L9 Predatory behavior L10 Collusion L11 Collusion (continued) L12 Regulation of non-competitive markets Module 2 – Macroeconomics L1 GDP L2 The circular flow of income and expenditure L3 The Income-Expenditure model in closed and open economy L4 The IS-LM model L5 The sustainability of public debt L6 The IS-MP model L7 The AD-AS model – Keynesian version L8 The AD-AS model – Neoclassical version L9 The AD-AS model in the medium run – Modigliani’s contribution L10 The AD-AS / PS-WS model L11 The Phillips curve and the IS-MP-PC model L12 Open economy and the Mundell-Fleming model
Both modules of the course include lectures and problem-solving sessions. In the latter, problems are discussed and exercises related to the lecture topics are solved. Specifically, Module 1 – Industrial Economics includes 45 hours of lectures and 12 hours of exercises, while Module 2 – Macroeconomics includes 68 hours of lectures and 18 hours of exercises.
Tutoring service: https://www.uninsubria.it/servizi/tutti-i-servizi/tutorato-dieco For the course bibliography, please consult the pages of the two modules on the Leganto platform: https://www.uninsubria.it/leganto-testi